Karen Casey
Shower or Shower Tub combo?
12 February 2024 | 22 replies
We just do the tub and surround, then do a nice tile half wall around the rest of the bathroom, coordinating with tile flooring, including sink backsplash and toilet area, as it’s so much easier to clean for turnovers and protects everything from splashing kids, pets, etc.
Alexander Lurie
Buying properties in Richmond, Indiana.
11 February 2024 | 7 replies
I am investing in the broad Indianapolis area. including Muncy, Evansville, Connersville and other Indianapolis satellite cities.
Justin Goodin
đź‘‹16 CRE Terms You Need to Know
10 February 2024 | 0 replies
 16 terms you need to know in commercial real estate:1.Internal Rate of Return (IRR): A metric used to estimate the annualized return on an investment based on the timing and magnitude of cash flows.2.Cash-on-Cash Return: The annual income generated by a property expressed as a percentage of the initial cash investment.3.Discount Rate: The rate used to discount future cash flows to their present value in financial models; often represents the required rate of return.4.Capital Expenditures (CapEx): The funds set aside for property improvements, renovations, or major repairs.5.Gross Operating Income (GOI): The total income generated by a property before subtracting operating expenses.6.Operating Expenses: The costs associated with managing and maintaining a property, including utilities, taxes, insurance, and maintenance.7.Debt Service Coverage Ratio (DSCR): A measure of a property’s ability to cover its debt payments, typically calculated as NOI divided by debt service.8.Loan-to-Value (LTV) Ratio: The ratio of the loan amount to the property’s appraised value, used to assess risk in financing.9.Equity Multiple: A measure of the total return on an investment, calculated as the ratio of total cash flows to initial equity investment.10.Residual Land Value: The estimated value of land after deducting development costs and desired profit margins.11.Sensitivity Analysis: A technique used to assess how changes in key variables (e.g., rent, expenses, interest rates) affect financial model outcomes.12.Operating Pro Forma: A projection of a property’s income and expenses over a specified period, typically used for budgeting and financial analysis.13.Cash Flow Waterfall: A structured distribution of cash flows to different stakeholders in a real estate project, often involving equity investors, lenders, and developers.14.Leverage: The use of borrowed funds (e.g., a mortgage) to finance a real estate investment, potentially amplifying returns but also increasing risk.15.Equity Investment: The amount of money invested by equity partners or investors in a real estate project. 16.
Joe Trampel
Seeking Advice on Structuring Real Estate Investments for Growth and Tax Efficiency
11 February 2024 | 2 replies
Prop 2 and a new potential acquisition (Prop 3) are adjacent lots zoned for multi-family, presenting a unique opportunity to develop several townhouses on these combined lots.The challenge?
Matthew Murray
Considering selling in Raleigh
12 February 2024 | 9 replies
Try this calculation out - Take the tax you will be deferring (Maybe $30K including depreciation recapture).Â
Gabriella Borukhov
Getting cold feet... please help run my numbers
11 February 2024 | 27 replies
Home price is $369,000 Rehab given is $80,000 Down payment is $44,900 Loan amount that I will owe back is $404,100 Loan is for 6 months Holding cost for full 6 months is ($3500*6) = 21,000Closing cost = 19,553ARV = 575000 (my agent said $600,000 but I am doing 575,000 to be conservation, with the way the market is going I do question if I should estimate it lower)With my math, using the full rehab loan and full 6 months with selling costs included, I estimate around a $53,000 profit.Â
Danny M.
Question On Finding A Real Estate Agent
11 February 2024 | 10 replies
Should I seek an agent who is available early in the morning, late at night, weekends included?
Beth L.
Questions--How to use a Property Management LLC as the "face" of my rental business
12 February 2024 | 12 replies
so I need to include this security deposit as income for the year.My initial question was how to do this within Quicken Rental, since I am just transferring the funds from one account to the other.
John Hogg
Title error found after refinance
11 February 2024 | 9 replies
Hi biggerpockets community,I could use some advice on a situation that has come to light with my current lender.I refinanced a duplex property in 02/2021 to a new lender.I am just finding out today that during the refinance process the new lender/title company input the address incorrectly and only has one side of the duplex address included on title and not both addresses.This incorrect adress situation has caused a series of insurance billing issues that i am just realizing and the lender will not let me include corrected addresses without proper title or usps confirmation.
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
11 February 2024 | 30 replies
These entities include: Publicly traded companies meeting specified requirements- you know those on the stock marketMany nonprofits but not all- the not for profit has to be approved, filed, and registered with IRS and the state.Certain large operating companiesOther entities that are exempt from BOI reporting include: Sole proprietorshipsUnincorporated associations such as HOA'sEstatesFamily trusts includes Revocable Living TrustsNatural persons opening accounts on their own behalf a human who uses their real nameTrusts (other than statutory trusts created by a filing with the Secretary of State or similar office)Authorized users for credit cards, your children on your VISA card I wrote 50 times to vest in Living Trusts and save the filing costs, keeping money separate, and paying for extra tax returns and attorney fees.